Posted by: zalimSingh June 1, 2005
finance news- perks for staying ahead
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1. "The euro continued on an accelerated downward slide, dropping more than 1% to below $1.24." the more interesting comparison shuld be between teh yuan and the euro. methinks that the european central bank is deliberately pursuign a low euro policy vis a vis the chinese currency in order to have a favorable balance of trade with the chinese. some shit is going to hit the fan when the chinese reconsider their yuan policy, (this is inevitable, but prolly not because of the clamoring american protectionists) 2. no-one really cares what these snobbish frogs think anyway. 3. Is the fed set to announce an interest rate hike in 3 weeks? dunno 4. i dont have a clue what this one is about.
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